The UK-based International derivatives and FX broker, Sucden Financial has announced partnership with FairXchange, to provide clients with an independent analysis of execution performance.
Founded in 2016, FairXchange is a data science specialising firm providing microstructural analysis of financial markets. The partnership will allow Sucden Financial to provide seamless access to tools and techniques to its clients to optimise and manage their eFX business in an extreme difficult market conditions. It will also focus on transparency and providing client with independent analysis of execution performance for their FX trading activity.
The partnership will also enable Sucden Financial to navigate the growing challenges in the European market following the ongoing regulatory tightening. FairXchange’s analytical framework, Horizon provides metrics which helps clients to analyze different events associated with Fx trading along with actual market conditions.
Wayne Roworth, co-head of efx at Sucden Financial said:
“Partnering with FairXchange has enabled us to further enhance our client offering, as we remain at the forefront of innovation in our space. The need for transparent, independent data on performance has never been greater; it informs discussions with our clients and valued liquidity partners, as well as giving us unparalleled insight into our own business.”
Guy Hopkins, founder of FairXchange said:
We are delighted to have been chosen by Sucden Financial to provide our Horizon analytics platform. Our underlying philosophy is to provide market participants with tools to facilitate meaningful, constructive dialogue with their counterparties about execution performance. We look forward to working closely with Sucden Financial and assisting with strengthening their well-established business further, to the benefit of them, their clients and their liquidity providers.